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Okaloosa 32541 Emerald Lakes
244 Okeechobee Cove
$550,000
● House - Off Market

244 Okeechobee Cove

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,757 Ft²
$3,609
Est. Monthly
$345
HOA / Fees
4.10%
Cap Rate

About This Property

Welcome to this beautifully upgraded 3-bedroom, 2.5-bath home offering a perfect blend of comfort & style. With its spacious open floor plan this home is accentuated by 12' ceilings, an electric fireplace and upgraded light fixtures. The kitchen features marble countertops, a glass backsplash, stainless steel appliances, custom cabinets & a pantry. The large primary bedroom is designed with a tray ceiling and a walk-in closet. The primary bath has marble countertops, double vanities and a tiled walk-in shower. The private screened-in Lanai offers a versatile space for entertaining or relaxing. Located in the gated community of Emerald Lakes with amenities that include a large swimming pool, basketball courts, tennis & pickleball courts & a playground. Roof was replaced in 2022
Unit Size
1,757 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$341
Property Type
House
Property Taxes
$322
HOA Dues
$345
Year Built
2002

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (ECAR MLS #966968)

Price History

Date / Event Date Event Price
Mar 4, 2025 Sold
Premium
Sold
Feb 3, 2025 In contract -
In contract
Jan 24, 2025 Listed by RE/MAX by the Sea $599,000
Listed by RE/MAX by the Sea
Apr 14, 2022 Sold
Premium
Sold
Jul 31, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,105
  • Total Building Area: 2,578
  • Gross Building Area: 2,578
  • Building Area: 1,757
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,757
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD LAKES
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EMERALD LAKES PH II LOT 31 BLK C

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 2
  • Parcel: 00-2S-22-0980-000C-0310
  • Block: C
  • Lot: 31
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3925
  • Longitude: -86.4013

    Address

  • Full Address: 244 Okeechobee Cv
  • Address - House Number: 244
  • Address - Street Name: Okeechobee
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Destin
  • Carrier Code: C011
  • 4-Digit Zip Code: 5712
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,099
  • Tax Year: 2023
  • Tax Amount: $386,535
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 656,763
  • High Value: 785,207
  • Low Value: 528,319

    Market Valuation

  • Market Total Value: $400,739
  • Market Land Value: $78,628
  • Market Improvement Value: $322,111

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $400,739
  • Assessed Land Value: $78,628
  • Assessed Improvements Value: $322,111

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 14, 2022
  • Current Sale Recording Date: Apr 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3542481
  • Previous Sale Recording Date: Jul 31, 2014
  • Previous Sale Contract Date: Jul 30, 2014
  • Previous Sale Amount: $312,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Emerald Lakes

Stats & Trends

Median Asking:

$754,450

Sale Price/ft²

$315

Below Asking

0.03%

Average Days on Market

67

Average Home Size

2321 ft²

Average Home Age

24.1 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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ECAR

Listed by: Debra A Fraser, RE/MAX by the Sea
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 966968
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 244 Okeechobee Cove built and last sold?
The property at 244 Okeechobee Cove was built in 2002 and last sold on Apr 14, 2022 for $599,000.
How much is this home worth?
The estimated value of the home located at 244 Okeechobee Cove is $0.
What are some comparable homes to 244 Okeechobee Cove?
There are currently no comparable homes to 244 Okeechobee Cove.
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